A sum of ₹ 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son. (N.M.A.T., 2005)
Aptitude
Simple Interest
Difficulty: Hard
Choose an option
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A₹ 9500, ₹ 9250
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B₹ 8000, ₹ 1750
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C₹ 9000, ₹ 9750
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DNone of these
Answer
Correct Answer: ₹ 9000, ₹ 9750
Explanation
### Concept & Equating Amounts
When a sum is divided into parts such that their final amounts (Principal + Interest) are equal, the ratio of the principals is inversely proportional to $(100 + RT)$ for each part.
$$A = P \times \left(1 + \frac{R \times T}{100}\right)$$
### Step-by-Step Solution
* **Given:** Total Sum = ₹ 18,750. Rate ($R$) = 5% p.a.
* Younger son's age = 12 years. Time ($T_1$) to reach 18 = $18 - 12 = 6$ years.
* Older son's age = 14 years. Time ($T_2$) to reach 18 = $18 - 14 = 4$ years.
* **Calculation:** Let the younger son's share be $x$. The older son's share is $(18750 - x)$.
* Amount for younger son = $x + \frac{x \times 5 \times 6}{100} = x + 0.30x = 1.30x$
* Amount for older son = $(18750 - x) + \frac{(18750 - x) \times 5 \times 4}{100} = (18750 - x) \times 1.20$
* Equate the amounts:
* $1.30x = 1.20(18750 - x)$
* $1.3x = 22500 - 1.2x$
* $2.5x = 22500$
* $x = \frac{22500}{2.5} = 9000$
* Younger son's share = ₹ 9,000.
* Older son's share = $18750 - 9000$ = ₹ 9,750.
### Exam Strategy & Shortcut
Use the direct ratio formula for equal amounts: $P_1 : P_2 = (100 + R_2 T_2) : (100 + R_1 T_1)$.
$P_1 : P_2 = (100 + 5 \times 4) : (100 + 5 \times 6) = 120 : 130 = 12 : 13$.
Younger son's share ($P_1$) = $\frac{12}{25} \times 18750 = 9000$. Older son's share = $\frac{13}{25} \times 18750 = 9750$.
### Common Pitfall
Students often mistakenly equate the simple interests instead of the total amounts, ignoring the "+ principal" part of the condition.
### Final Answer
Therefore, the correct answer is **₹ 9000, ₹ 9750**.